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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Valuation of Financial Instruments

The following table summarizes the fair value of our financial instruments at December 31, 2016 and December 31, 2015:

 

(Thousands)

 

Total

 

 

Quoted Prices in Active Markets

(Level 1)

 

 

Prices with Other Observable Inputs

(Level 2)

 

 

Prices with Unobservable Inputs (Level 3)

 

At December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Senior secured term loan B - variable rate, due October 24, 2022

 

 

2,139,586

 

 

 

 

 

 

2,139,586

 

 

 

 

Senior secured notes - 6.00% , due April 15, 2023

 

 

569,250

 

 

 

 

 

 

569,250

 

 

 

 

Senior unsecured notes - 8.25%, due October 15, 2023

 

 

1,176,600

 

 

 

 

 

 

1,176,600

 

 

 

 

Senior unsecured notes - 7.125%, due December 15, 2024

 

 

404,000

 

 

 

 

 

 

404,000

 

 

 

 

Derivative liability

 

 

6,102

 

 

 

 

 

 

6,102

 

 

 

 

Contingent consideration

 

 

98,600

 

 

 

 

 

 

 

 

 

98,600

 

Total

 

$

4,394,138

 

 

$

 

 

$

4,295,538

 

 

$

98,600

 

 

(Thousands)

 

Total

 

 

Quoted Prices in Active Markets

(Level 1)

 

 

Prices with Other Observable Inputs

(Level 2)

 

 

Prices with Unobservable Inputs (Level 3)

 

At December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Senior secured term loan B - variable rate, due October 24, 2022

 

$

1,986,198

 

 

$

 

 

$

1,986,198

 

 

$

 

Senior secured notes - 6.00% , due April 15, 2023

 

 

376,000

 

 

 

 

 

 

376,000

 

 

 

 

Senior unsecured notes - 8.25%, due October 15, 2023

 

 

937,950

 

 

 

 

 

 

937,950

 

 

 

 

Derivative liability

 

 

5,427

 

 

 

 

 

 

5,427

 

 

 

 

Total

 

$

3,305,575

 

 

$

-

 

 

$

3,305,575

 

 

$

 

 

Roll Forward of Liability Measured at Fair Value on Recurring Basis Using Unobservable Inputs

The following is a roll forward of our liability measured at fair value on a recurring basis using unobservable inputs (Level 3):

(Thousands)

 

December 31, 2015

 

 

Transfers into Level 3

 

 

Gain/(Loss) included in earnings

 

 

Settlements

 

 

December 31, 2016

 

Contingent consideration

 

$

 

 

$

98,600

 

 

$

 

 

$

 

 

$

98,600